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number two, john boehner, the speaker is claiming he's met obama's demand for higher taxes for the rich. that's good. he agreed in principle the rich must pay more. number three, there's talk for the republican leaders that they could vote to continue the tax cuts for the 98% now and therefore avoid the fiscal cliff and put off for now the top 2%. and the question then, let the debt ceiling not take effect. a tax cut delayed i argue is a tax cut avoided. joining me with the republican defense highly tauted fan of the eagles, ed rendell and alex wagner of msnbc's "now." governor, i want you to read what's going on here. first speaker boehner defended the gop's tax proposal saying it does take a bite out of the rich but president obama held firm to tax rate hike on the wealthiest. let's listen to the back and forth. >> revenues we're putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates, which we believe will harm our economy.
number two, john boehner, the speaker is claiming he's met obama's demand for higher taxes for the rich. that's good. he agreed in principle the rich must pay more. number three, there's talk for the republican leaders that they could vote to continue the tax cuts for the 98% now and therefore avoid the fiscal cliff and put off for now the top 2%. and the question then, let the debt ceiling not take effect. a tax cut delayed i argue is a tax cut avoided. joining me with the republican defense...
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the point of being that speaker bay near -- speaker john boehner is an important player, but it is obama's job to lead and the fine. if there are negative consequences here, it will be in the obama-era that things did not get fixed. who is the australian finance minister who says we are deep -- the united states is one of budget deal away from being a great country. and there are a lot of people in business who think we are poised to do some really good things in the global economy, the united states is. but if we cannot untangle this mess, it is not going to happen. >> you know more about the inner workings of our government than any living person. every single administration of our lifetime, you have been behind the scenes. you have seen national security notes. >> off what nonsense you are talking. [laughter] >> are you now optimistic or pessimistic about the way the australian minister posed the question. >> you know, in the end i think things will be fixed. the question is, when and what price it do you pay on that road to getting it fixed? i do not think that you govern by playing ch
the point of being that speaker bay near -- speaker john boehner is an important player, but it is obama's job to lead and the fine. if there are negative consequences here, it will be in the obama-era that things did not get fixed. who is the australian finance minister who says we are deep -- the united states is one of budget deal away from being a great country. and there are a lot of people in business who think we are poised to do some really good things in the global economy, the united...
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Dec 10, 2012
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first the outlines of a deal between president obama and speaker boehner. as we've told you, you take the two positions we're looking at between $800 billion and $1.6 trillion in new tax revenue. enough savings to hold off the sequester. compare that to the simpson-bowles proposal and you'll see a big difference. as a starting point the plan would allow the bush tax cuts to expire for everybody. it proposes tax reform that would produce another trillion in tax revenue t. could produce more revenue than the proposals from president obama or speaker boehner combined. in addition simpson bowles would cut spending by nearly $3 trillion, half that have coming from national security. that's right. more defense cuts. than people have been talking about. it all adds up to around $4 trillion worth of deficit reduction. the plan also reforms social security to raise the retirement age and raise the maximum amount you can tax. and for the middle class it would turn mortgage into a 12% tax credit. co-author of the plan alan simpson said on cbs' "face the nation" there'
first the outlines of a deal between president obama and speaker boehner. as we've told you, you take the two positions we're looking at between $800 billion and $1.6 trillion in new tax revenue. enough savings to hold off the sequester. compare that to the simpson-bowles proposal and you'll see a big difference. as a starting point the plan would allow the bush tax cuts to expire for everybody. it proposes tax reform that would produce another trillion in tax revenue t. could produce more...
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Dec 5, 2012
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. >> obama: will speaker boehner and i speak frequently. >> when will the two of you sit down in a room. >> obama: i don't think the issue right now has to do with sitting in a room. >> jennifer: he's totally right by that, by the way. president obama reiterated that he's on board with entitlement reform and cuts but the republicans have to budge on tax rates for the wealthy. harry reid had this for the republicans. >> i sympathize sympathize with john boehner. the tea party has a firm grip on the republican party. we are not going to twist ourselves into contortions to please a vocal minority of the tea party. >> jennifer: that's fascinating a new approach for harry reid feeling sorry for john boehner. i'm not sure how john boehner feels about that. with me is karl frisch in washington and donny welcome back inside "the war room"." >> it's a party. >> jennifer: yeah, all good stuff. karl i'll start with you. how should democrats be handling this tea party revolt? should they do more to assist speaker boehner? >> we should be throwing gas on the fire. this is an emporer with no clothes.
. >> obama: will speaker boehner and i speak frequently. >> when will the two of you sit down in a room. >> obama: i don't think the issue right now has to do with sitting in a room. >> jennifer: he's totally right by that, by the way. president obama reiterated that he's on board with entitlement reform and cuts but the republicans have to budge on tax rates for the wealthy. harry reid had this for the republicans. >> i sympathize sympathize with john boehner. the...
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[ male announcer ] ...forbusiness.com. [ yawning sound ] >>> president obama, house speaker john boehner met face-to-face at the white house to prevent the fiscal cliff now just 23 day as way. we don't have any details of their conversation. reps for both sides say lines of communication remain open. >>> some gay couples living in washington state made history after sunday becoming the first legal same-sex marriages in the state. sarah and emily coiffeur were the first to get married at the king county courthouse in seattle. the governor signed the vote area proved referendum into law on wednesday. very sad news for jiffy riff air yachlt they found the wreckage after private jet carrying the mechl canal singer and six others and there doesn't appear to be any survivors. they lost contact with the air traffic controllers earlier this morning. >>> those are your headlines this hour. i'm don lemon keeping you informed. cnn, the most trusted name in news. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement
[ male announcer ] ...forbusiness.com. [ yawning sound ] >>> president obama, house speaker john boehner met face-to-face at the white house to prevent the fiscal cliff now just 23 day as way. we don't have any details of their conversation. reps for both sides say lines of communication remain open. >>> some gay couples living in washington state made history after sunday becoming the first legal same-sex marriages in the state. sarah and emily coiffeur were the first to get...
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there was a hint of movement on the fiscal cliff deal between president obama and speaker boehner yesterday. here's where things stand for now. the white house sent over a proposal that lowered the revenue target for the president obama from $1.6 trillion to $1.6 trillion. he also increased spending cuts to $600 billion. so you have three things he's moving on there. speaker boehner was not impressed sending over his original offer of $800 billion in revenue. by the way that was the number last summer, summer of '11. acknowledged there's a long way to go. let's listen to him. >> i remain the most optimistic person in this town, but we've got some serious differences. the president and i had a pretty frank conversation about just how far apart we are. >> and in an interview with barbara walters, the president held firm and said time is running out. >> taxes are going to go up one way or the other. and i think the key is to make sure that taxes go up on the high end individuals like you and me, barbara. we can afford it. it is entirely possible for us to come up with a deal, but time is runni
there was a hint of movement on the fiscal cliff deal between president obama and speaker boehner yesterday. here's where things stand for now. the white house sent over a proposal that lowered the revenue target for the president obama from $1.6 trillion to $1.6 trillion. he also increased spending cuts to $600 billion. so you have three things he's moving on there. speaker boehner was not impressed sending over his original offer of $800 billion in revenue. by the way that was the number last...
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you are looking live at the white house where president obama and house speaker john boehner are about to meet to discuss the looming fiscal cliff. this is a surprise meeting, one that we learned about a short time ago. boehner is making his way over there right now. the other breaking news is that u.n. ambassador susan rice just removed her name from consideration for the coveted secretary of state job, following the theory over her response to the attack on the consulate in benghazi. ed henry has more on both breaking stories. take it away. >> reporter: you are right. speaker boehner left the capital and expected to arrive at the white house in a moment. this could not put more explanation point how critical this meeting is. we are running up against the fiscal cliff. we heard from firms that unless a framework for a deal is forged in the next few days they are going to run out of time in order to actually move whatever deal they come up with through both changes to the house and the senate. this is why i got new information that last night senate majority leader harry reid met in a
you are looking live at the white house where president obama and house speaker john boehner are about to meet to discuss the looming fiscal cliff. this is a surprise meeting, one that we learned about a short time ago. boehner is making his way over there right now. the other breaking news is that u.n. ambassador susan rice just removed her name from consideration for the coveted secretary of state job, following the theory over her response to the attack on the consulate in benghazi. ed henry...
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. >> three weeks until the fiscal cliff and president obama and house speaker john banner and at a private meeting at the white house yesterday to discuss the deal. the president and the speaker refuses think about the details of the meeting and some republicans are now putting increased pressure on party leaders to rethink opposition to tax hikes on the wealthy of taking get entitlements cuts in return. many house republicans refused report tax hikes under any circumstances. democrats of is rushing through entitlement reforms you for the end of the year. >> watching some stalls, several on the bay bridge we will have more on weather and traffic coming up. >> the opening bell on wall street is about 20 minutes away. looming fiscal crisis on the market today. we did better than we did expect it from mcdonald's this morning. rob black will be coming up at 645. the dow futures point to a lower opening this morning. >> men and women have equal footing in the nation's economic recovery according to the latest numbers from the labor department. the biggest numbers for men have been for vessel jo
. >> three weeks until the fiscal cliff and president obama and house speaker john banner and at a private meeting at the white house yesterday to discuss the deal. the president and the speaker refuses think about the details of the meeting and some republicans are now putting increased pressure on party leaders to rethink opposition to tax hikes on the wealthy of taking get entitlements cuts in return. many house republicans refused report tax hikes under any circumstances. democrats of...
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in fact, even when president obama and house speaker john boehner were in the same room together like they were last night at the white house holiday reception for congress members, they didn't even speak. the president was asked about that today. >> speaker boehner was here at the white house last night for a christmas party. the two of you didn't even speak. what's it going to take to get the two of you in a room to hash this out? >> well, speaker boehner and i speak frequently, and i think the issue right now -- >> when? when will the two of you sit down in a room? >> you know, i don't think that the issue right now has to do with sitting in a room. >> as i mentioned, the american people want the people they elected to sit down together, work it out. a new gallup poll shows 62% want government leaders to compromise on the fiscal cliff. just 25% said they should stick to their principles. so why is it that this congress and this white house can't seem to get together and compromise on a deal? it certainly isn't the first time republicans and democrats haven't seen eye-to-eye on an i
in fact, even when president obama and house speaker john boehner were in the same room together like they were last night at the white house holiday reception for congress members, they didn't even speak. the president was asked about that today. >> speaker boehner was here at the white house last night for a christmas party. the two of you didn't even speak. what's it going to take to get the two of you in a room to hash this out? >> well, speaker boehner and i speak frequently,...
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Dec 6, 2012
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president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone call in days with both sides staying mum on the details. this afternoon president obama's fiscal photo-op off the day takes him to the suburban home of a middle class families in virginia, one of the thousands who responded to the
president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone call in days with both sides staying mum on the details. this...
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president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone
president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone
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well, president obama and speaker boehner met one on one at the white house last night. it was the first time in almost a month. neither side is talking about what happened. but today president obama continues his public campaign to pressure republicans to give on taxes. later this afternoon, he'll head to michigan to talk to auto workers outside a plant in detroit. >>> if you listen to the sunday shows, seems like some republicans are willing to give in on taxes to get where they want to go. entitlements. >> there is a growing group of folks that are looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year end. i mean, we have one house. that's it. the presidency and the senate is in the democrats' hands. a lot of people are putting forth a theory. i actually think it has merit. where you go ahead and give the president the 2% increase that he's talking about. the rate increase on the top 2%. and all of a sudden the shift goes back to entitlements. >> let me bring in "washington post" columnist danny milbank and "usa tod
well, president obama and speaker boehner met one on one at the white house last night. it was the first time in almost a month. neither side is talking about what happened. but today president obama continues his public campaign to pressure republicans to give on taxes. later this afternoon, he'll head to michigan to talk to auto workers outside a plant in detroit. >>> if you listen to the sunday shows, seems like some republicans are willing to give in on taxes to get where they want...
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president obama met again today with house speaker john boehner but can boehner deliver his caucus? that's the toughest job for him and for the country. can he deliver enough republicans to be a respectable republican leader in this is "hardball," the place for politics. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ it's so great to see you. you, too! oh, cloudy glasses. you didn't have to come over! actually, honey, i think i did... oh? you did? whoa, ladies, easy. hi. cascade kitchen counselor. we can help avoid this with cascade complete pacs. see, over time, cascade complete pacs fight film buildup two times better than finish quantum. to help leave glasses sparkling shiny! too bad it doesn't work on windows. okay, i'm outta here. cascade. the clear choice. >>> tonight i'll be spea
president obama met again today with house speaker john boehner but can boehner deliver his caucus? that's the toughest job for him and for the country. can he deliver enough republicans to be a respectable republican leader in this is "hardball," the place for politics. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case...
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president obama met with house speaker boehner for the first time in more than three weeks. the house is still refuseing to pass obama's tax plan much less agree to other policies. josh earnest is not giving any details into yesterday's. some republicans are coming around on improving higher tax rates for the wealthy. bob corker said on fox news sunday, obama does have the upper hand on taxes. oklahoma representative tom cole said on cnn's state of a union if brought to a vote they would pass the house. that goes against speaker boehner's tone who seems to believe obama's plan would not be able to pass both chambers of congress. as far as what americans think of the president right now that is pretty evenly split. the new politico battleground poll just out today has his approval rating at 50%. more than billcat bill press" is coming up after our break. join us in the chat room at current.com/billpress. see you there. viewer for capella university. matter. >> i work with adults with developmental disabilities. growing up i had a single mother of four and people in the commun
president obama met with house speaker boehner for the first time in more than three weeks. the house is still refuseing to pass obama's tax plan much less agree to other policies. josh earnest is not giving any details into yesterday's. some republicans are coming around on improving higher tax rates for the wealthy. bob corker said on fox news sunday, obama does have the upper hand on taxes. oklahoma representative tom cole said on cnn's state of a union if brought to a vote they would pass...
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president obama and house speaker john boehner know they have to reach agreement this week if there's to be a deal, which is why they met behind closed doors on sunday. spokesmen for both men say that lines of communication remain open with the president reiterating today that he's up for a big deal. >> i have said i will work with republicans on a plan for economic growth, job creation, and reducing our deficits. i'm willing to compromise a little bit. but if we're serious about reducing our deficit, we've also got to be serious about investing in the thiges that help us grow and make the middle class strong. >> as for speaker boehner, he continued his political posturing today with a statement. quote, the republican offer made last week remains the republican offer, and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balanced approach he promised the american people. that said, an increasingly limber group of republicans are showing flekx 5eb89 on higher rates for top earners arguing raising rates on the rich will give them gre
president obama and house speaker john boehner know they have to reach agreement this week if there's to be a deal, which is why they met behind closed doors on sunday. spokesmen for both men say that lines of communication remain open with the president reiterating today that he's up for a big deal. >> i have said i will work with republicans on a plan for economic growth, job creation, and reducing our deficits. i'm willing to compromise a little bit. but if we're serious about reducing...
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point being, the speaker is an important player, this is significant, but it is obama's job to lead and define so if there's negative consequences here, particularly in the economy, it's going to be in the obama era, things didn't get fixed. who is it? the australian finance minister who says the united states is one budget deal away from being a great country. there's a lot of people in business who think we are poised to do some really good things in the global economy, the united states is, but if we can't untangle this mess, it's not going to happen. >> you know about the inner workings in the government more than any living person, every single administration of our lifetime. you've been behind the scenes -- >> what nonsense you're talking. yes, all right. [laughter] >> are you now optimistic or pessimistic about the way that australian finance minister posed the question? >> you know, in the end, i think things will be fixed. the question is when and what price do you pay on ray road to getting them fixed? you know, i don't think you govern by playing chicken. i say that to democr
point being, the speaker is an important player, this is significant, but it is obama's job to lead and define so if there's negative consequences here, particularly in the economy, it's going to be in the obama era, things didn't get fixed. who is it? the australian finance minister who says the united states is one budget deal away from being a great country. there's a lot of people in business who think we are poised to do some really good things in the global economy, the united states is,...
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you gotta taste this soup. >>> speaker boehner and president obama may not agree upon much these days, but they do agree on at least one thing. silence is golden.
you gotta taste this soup. >>> speaker boehner and president obama may not agree upon much these days, but they do agree on at least one thing. silence is golden.
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you gotta taste this soup. >>> speaker boehner and president obama may not agree upon much these days, but they do agree on at least one thing. silence is golden. it's monday, december 10th, and this is "now." >> joining me today making television history together, jonathan chait of new york making sfwleen, and editor of the new republic
you gotta taste this soup. >>> speaker boehner and president obama may not agree upon much these days, but they do agree on at least one thing. silence is golden. it's monday, december 10th, and this is "now." >> joining me today making television history together, jonathan chait of new york making sfwleen, and editor of the new republic
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people trying to enter the middle class. >> stephanie: the president on boehner. >> obama: speaker boehner and i speak frequently. i think the issue -- >> when will the two of you sit down in a room? >> obama: i don't think that the issue right now has to do with sitting in a room. >> stephanie: oh please, how many times do you think that boehner drunk dials the president? i'm so flabbergasted! >> get off the phone! >> john, put the phone down. >> stephanie: he drunk dials him. >> john, get away from the phone. we're not going to let you do this. john, stop it. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. [farting sound] >> stephanie: it is -- >> it is not a secret. we can't say it in public or we'll get run out of town. >> stephanie: harry reid again. >> arithmetic. you can't get from here to there unless you raise the rates. that's why romney couldn't explain it during the presidential election. no one can explain it because you can't do it. it is arithmetic. >> a little animated th
people trying to enter the middle class. >> stephanie: the president on boehner. >> obama: speaker boehner and i speak frequently. i think the issue -- >> when will the two of you sit down in a room? >> obama: i don't think that the issue right now has to do with sitting in a room. >> stephanie: oh please, how many times do you think that boehner drunk dials the president? i'm so flabbergasted! >> get off the phone! >> john, put the phone down. >>...
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president obama and house speaker john boehner get together a little more than three weeks before we hit the fiscal cliff. >> gone too soon. a mexican-american singing superstar killed as a small plane plunges into a mountain range. >> just devastated for them. i'm really feeling for them. >> raw and emotional. two radio hosts talk about the family of the nurse who took her own life after getting duped by their prank call. >>> good morning, to you. welcome to "early start." welcome back, mr. berman. >> it is great to be here. i was on vacation for a week. now i'm back. i'm john berman. it is 5:00 a.m. in the east. i am feeling that. but this, they are talking for the first time in over three weeks. president obama and house speaker john boehner looked each other in the eye and actually had a conversation. now that's a really big deal when it comes to the fiscal cliff crisis. because in just 22 days americans face severe tax hikes and spending cuts unless these two leaders can find a way to compromise. now neither side would discuss specifics about their conversation. but after yester
president obama and house speaker john boehner get together a little more than three weeks before we hit the fiscal cliff. >> gone too soon. a mexican-american singing superstar killed as a small plane plunges into a mountain range. >> just devastated for them. i'm really feeling for them. >> raw and emotional. two radio hosts talk about the family of the nurse who took her own life after getting duped by their prank call. >>> good morning, to you. welcome to...
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president obama's holding all of the cards in the tax fight. the gop's on the ropes and they are ready to cave. but with all things republican, there's always a catch. that's right. speaker boehner and company are looking to hold the debt ceiling hostage again. willing to downgrade our credit rating again. willing to risk our recovery again. just to get their way on spending cuts. the only problem for them, the president is in no mood to play. >> so i want to send a very clear message to people here. we are not going to play that game next year. in congress in any way suggests that they are going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation which, by the way, we have never done it in our history until we did it last year, i will not play that game. >> sorry speaker boehner. find someone else to play economic game with. the president isn't interested. he's done with their gimmicks. he's done with their ploys. he's done with the argument that they are the serious ones in
president obama's holding all of the cards in the tax fight. the gop's on the ropes and they are ready to cave. but with all things republican, there's always a catch. that's right. speaker boehner and company are looking to hold the debt ceiling hostage again. willing to downgrade our credit rating again. willing to risk our recovery again. just to get their way on spending cuts. the only problem for them, the president is in no mood to play. >> so i want to send a very clear message to...
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president obama has been clear about it all along. >> unfortunately, the speaker's proposal right now is still out of balance. you know, he talks, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. and when you look at the math, it doesn't work. >> you see, if we lower these rates, then the job creators will go out there end and all this money to hire a bunch of people, and that's going to contribute more to the tax base. and gosh, we're just going to take care of all of our problems. we have tried this stuff, and it didn't work. when leaders mcconnell and boehner feed the base, it makes it harder for them to come around and later on lead their members towards a sane deal with the president of the united states and democrats who, by the way, won the election. let's bring in former virginia congressman, tom perriello, now the president and ceo of the center for american progress action fund. tom, good to have you with us tonight. >> always good to be here. >> you bet. have republican leaders boxed themselves in by catering to this fr
president obama has been clear about it all along. >> unfortunately, the speaker's proposal right now is still out of balance. you know, he talks, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. and when you look at the math, it doesn't work. >> you see, if we lower these rates, then the job creators will go out there end and all this money to hire a bunch of people, and that's going to contribute more to the tax base. and...
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last night president obama and house speaker john boehner met one-on-one at the white house to crunch a fiscal deal. it was 69 first time the two men met alone like this since the summer of 2011. the last time they tried to hammer out a deal. well, the president was in michigan today speaking before autoworkers and selling his tax plan. let's listen. >> if congress doesn't act soon, meaning the next few weeks, starting on january 1st everybody is going to see their income taxes go up. it's true. y'all don't like that, huh? we can solve this problem. all congress needs to do is pass a law that would prevent a tax hike on the first $250,000 of everybody's income. everybody. that means 98% of americans and probably 100% of you. >> in some republicans are slowly but steadily fatesing a reality on the fiscal negotiations. leading the way, senator bob corker of tennessee. >> there is a growing group of folks that are looking at this and realizing we don't have a lot of cards as it relates to the tax issue before year end. i mean, we have one house, that's it. the presidency and the senate i
last night president obama and house speaker john boehner met one-on-one at the white house to crunch a fiscal deal. it was 69 first time the two men met alone like this since the summer of 2011. the last time they tried to hammer out a deal. well, the president was in michigan today speaking before autoworkers and selling his tax plan. let's listen. >> if congress doesn't act soon, meaning the next few weeks, starting on january 1st everybody is going to see their income taxes go up....
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Dec 8, 2012
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having done that held off those initiatives, speaker boehner says democrats are slow walking the economy to a fiscal cliff, yet this is the same republican leadership that had the house in session barely a full day this week. we've had the election. the president was clear in the campaign that he was advocating and fighting for the middle income tax cut. a tax cut which, by the way, gives everyone 100% of taxpayers a tax break. but it also asks that the upper 2% pay their fair share. since that election four weeks ago, the president -- we've had time, the president has given the republicans flexibility to come up with a credible specific plan. what they offered in return was an empty letter lacking in specifics. it was a further manifestation of the lack of agreement in the republican caucus with division on the middle income tax cut and no agreement on specifics in their plan, not even senator mcconnell endorsed the house republicans proposal. we can make a difference right now by bringing the middle income tax cut up for a vote to give once again, 100% of americans a tax relief. the se
having done that held off those initiatives, speaker boehner says democrats are slow walking the economy to a fiscal cliff, yet this is the same republican leadership that had the house in session barely a full day this week. we've had the election. the president was clear in the campaign that he was advocating and fighting for the middle income tax cut. a tax cut which, by the way, gives everyone 100% of taxpayers a tax break. but it also asks that the upper 2% pay their fair share. since that...
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Dec 5, 2012
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meanwhile, you have a number of republicans slamming speaker boehner. how would you describe his position right now? >> well, he really didn't win for losing. he's trying to say to president obama if i wanted topaz your proposal i can't do it. he's really truly between a deal and promise and getting the fight over with and a conference that won't allow it. i think what senator demint is saying and house republicans are saying to john boehner is, let's go over the cliff. that we can live with the sequester and we absolutely will not raise tax rates no matter what. what that does is eliminate all of the tax cuts and then there's a new fight in january to push obviously by the democrats to restore tax cuts for 98% of americans. and then that will be muddied by the need for a debt ceiling increase and the fight goes in to february. it's government at the brink all the time. we don't know how the markets and the credit rating agencies will react. probably be bad ybut i think that's what you hear conservatives saying. >> erin, so far wall street for the most
meanwhile, you have a number of republicans slamming speaker boehner. how would you describe his position right now? >> well, he really didn't win for losing. he's trying to say to president obama if i wanted topaz your proposal i can't do it. he's really truly between a deal and promise and getting the fight over with and a conference that won't allow it. i think what senator demint is saying and house republicans are saying to john boehner is, let's go over the cliff. that we can live...
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Dec 13, 2012
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and speaker boehner don't know either. it's a huge possible fiscal shock. it would be one the biggest fiscal shocks we've had since world war ii, and the only thing that's comparable is the vietnam surtax applied after military spending was already falling. falling off the cliff means recession. i think it could be much worse than the cbo implies for two reasons. one, the economy is very fragile and vulnerable, and, secondly, it has a horrible psychological impact on the business community, consumers, who, with some justification, would totally lose confidence in our government's ain't to -- ability to dporch. -- govern. i agree very much with david what we need right now is a kind of down payment, making some progress, a down payment that probably involves the cuts on the spending side, and the pledged too -- to do much more later. the important thing to know about the proposals on the street right now is you can accept everything in the president's proposal,, accept everything speaker boehner's proposed, and you would no
and speaker boehner don't know either. it's a huge possible fiscal shock. it would be one the biggest fiscal shocks we've had since world war ii, and the only thing that's comparable is the vietnam surtax applied after military spending was already falling. falling off the cliff means recession. i think it could be much worse than the cbo implies for two reasons. one, the economy is very fragile and vulnerable, and, secondly, it has a horrible psychological impact on the business community,...
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Dec 6, 2012
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while negotiations appear to be at a standstill, we know president obama and house speaker john boehner finally spoke by phone yesterday. the first conversation in a week. we don't know what they talked about or how long they spoke, because both men agreed to keep details of the conversation between the two of them. meanti meantime, democrats are digging in heels saying no deem if republicans refuse to let go of tax cuts for the wealthy. >> it's really time for republicans to face reality. i would hope the house of representatives would look closely at what's going on with senators coming out saying please, mr. speaker, do something about protecting the middle class. >>
while negotiations appear to be at a standstill, we know president obama and house speaker john boehner finally spoke by phone yesterday. the first conversation in a week. we don't know what they talked about or how long they spoke, because both men agreed to keep details of the conversation between the two of them. meanti meantime, democrats are digging in heels saying no deem if republicans refuse to let go of tax cuts for the wealthy. >> it's really time for republicans to face...
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Dec 13, 2012
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in his talks with the speaker, it really does make me despair and want to tear my hair out. the actual number for the savings from raising the medicare entitlement age over ten years, phasing it in slowly, the congressional budget office says is something like $115 billion over ten years. and that's phased in over time. the second ten years would be way more than that. it's a complicated thing. you need to look at it in a way that shields people who don't make as much money. but people like me, we're going to be working, i hope, till way past 65, don't need to rely on medicare. and the intransients, i have to say on both sides here, on tax rates on republicans, on entitlements from democrats is really just enough to make you want to -- >> tear your hair out? >> -- not have a good holiday season. >> you're going to pull your hair out twice today, ruth. >> exactly. i have enough left. >> ruth marcus, chris frates as well. >>> secretary of state hillary clinton will testify about the report on the deadly attack on the benefghazi consulate. a report by a review is expected to be
in his talks with the speaker, it really does make me despair and want to tear my hair out. the actual number for the savings from raising the medicare entitlement age over ten years, phasing it in slowly, the congressional budget office says is something like $115 billion over ten years. and that's phased in over time. the second ten years would be way more than that. it's a complicated thing. you need to look at it in a way that shields people who don't make as much money. but people like me,...
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speaker boehner's $800 billion tax hike will destroy american jobs. the heritage foundation skewered the boehner counteroffer on its blog. at first blush, it appears little more than categorical preemptive capitulation. to be fair, the details of the republican proposal are extraordinarily vague to the extent it can be interpreted from the hazy details that it is utterly unacceptable. president obama said today there is a time and a place to discuss reforming the tax code. but that time is not now. >> what i've suggested is let's put a down payment on taxes, let's let tax rates on the upper income folks go up. let's let those go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform. we look at what loopholes and deductions both democrats and republicans are willing to close. and it is possible that we may be able to lower rates by broadening the base at that point. >> joining me here in washington are congressman tim walls, democrat from minnesota, and karen finney, the former dnc di
speaker boehner's $800 billion tax hike will destroy american jobs. the heritage foundation skewered the boehner counteroffer on its blog. at first blush, it appears little more than categorical preemptive capitulation. to be fair, the details of the republican proposal are extraordinarily vague to the extent it can be interpreted from the hazy details that it is utterly unacceptable. president obama said today there is a time and a place to discuss reforming the tax code. but that time is not...
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Dec 10, 2012
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president obama and house speaker johnboehner had a meeting at the white house. the president and the speaker refused to speak about details of the meeting there is some republicans are now putting increased pressure our party leaders to rethink opposition to tax hikes on the wealthy and taken get entitlement cuts in return. many house republicans refused support the tax hike under any circumstances. and democrats have been skeptical about rushing through anti reforms before the end of the year. >> same-sex couples cannot officially tied the knot in washington state. >> yesterday marked the first day that those couples are able to legally marry. >> 30 or more than 140 people registered to marry in seattle city hall. seattle's mayor is calling it a great and joyous day with a new civil-rights been recognized. >> watching lost t wall street from three major indexes are in the negative in this morning pre-market trading. the looming fiscal cliff is likely to affect this week's trading since washington has yet to make a build for the cliff. investors will also be wai
president obama and house speaker johnboehner had a meeting at the white house. the president and the speaker refused to speak about details of the meeting there is some republicans are now putting increased pressure our party leaders to rethink opposition to tax hikes on the wealthy and taken get entitlement cuts in return. many house republicans refused support the tax hike under any circumstances. and democrats have been skeptical about rushing through anti reforms before the end of the...
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Dec 5, 2012
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president obama rejected the latest proposal from john boehner. the president and the democrats are focused on revenue and they are determined to make sure that the top tax rates go up. >> unfortunately, the speaker's proposal right now is still out of balance. he talks, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> harry reid wasted no time explaining why the boehner proposal is not serious. >> math. you can't get from here to there unless you raise the rates. that's why romney couldn't explain it during the presidential election. no one can explain it because you can't do it. >> jay carney says the speaker's plans raises more questions than answers. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. >> john boehner's heavy-handed approach to leadership, boehner and the republican steering committee kicked four republican congressmen out of the
president obama rejected the latest proposal from john boehner. the president and the democrats are focused on revenue and they are determined to make sure that the top tax rates go up. >> unfortunately, the speaker's proposal right now is still out of balance. he talks, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> harry reid wasted no time explaining why the boehner proposal is...